Danville, VA

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Danville short-term rental market based on reliable data.

Listings

131 / 226

Reliable / Active

Cap Rate

16%

Middle-Earners Gross Yield

Revenue

$25,003

Middle-Earners Revenue

Occupancy

53%

Middle-Earners Occupancy

Home Value

$152,032

Median Home Sale Price

Top Earners

$42,648

Top-Earners Revenue

Danville

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Danville.

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B

Generally Investor friendly

Danville Regulations

Danville allows STRs citywide via accessory use zoning clearances in many districts or a Special Exception for primary use, with no caps and a clear multi‑step process; costs are moderate (CO $50, zoning clearance $20, STR permit $50, special exception $250) and the citytone supports a growing market (~145 approved). The overall compliance path is known and manageable despite inspections, licensing, safety equipment, and proposed tweaks to occupancy/parking and local‑manager requirements.

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About Danville

Danville is an independent city in the Commonwealth of Virginia in the United States. The city is located in the Southside Virginia region and on the fall line of the Dan River. It was a center of tobacco production and was an area of Confederate activity during the American Civil War, due to its strategic location on the Richmond and Danville Railroad. In April 1865 it briefly served as the third and final capital of the Confederacy before its surrender later that year. Danville is the principal city of the Danville, Virginia Micropolitan Statistical Area. The Bureau of Economic Analysis combines the city of Danville with surrounding Pittsylvania County for statistical purposes. As of the 2020 census, the population was 42,590. It is bounded by Pittsylvania County and Caswell County, North Carolina to the south. It hosts the Danville Otterbots baseball club of the Appalachian League. Danville had an African American majority during the Reconstruction era and had African American political representatives of the Readjuster Party until after the Danville Massacre and Democrats regaining control locally and statewide. The area again saw violence during the civil rights era.

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